I am not a child or mentally deficient so I find it disturbing that FINRA regulators feel that I need a nanny to oversee my financial decisions. Wealthy investors have access to advanced financial instruments not accessible to regular investors like myself. Leveraged and inverse funds somewhat even the playing field for retail investors. When the market becomes volatile I can hedge my investments
I personally believe that investor education and knowledge is key to keeping investors safe. All investments should have risks outlined in simple language for investors to understand. However, restricting certain investment to only a select few basically increases market manipulation and puts such power in the hands of some unscrupulous operators. How many times in the history of our markets has
I have been investing - on my own using my own methods - for over 30 years and don't need the Government to tell me how to do it. I fully understand the risks of leveraged and inverse funds and us them diligently as part of a balanced portfolio. I do not need additional regulation imposed on me. In fact, it is my current positions in leveraged inverse funds that is protecting me in the
As an amateur investor, I find leveraged and inverse funds to be a huge help in complementing my investments and hedging against falling markets. I am WELL aware of the risks associated with leveraged and inverse funds, as my broker often posts warning statements on the trade screens when I buy these funds. Leveraged and especially inverse funds offer me an "all in one" product that
I think that naked short selling should be completely outlawed in every corner of Wall Street. However, considering that large financial groups have very large amounts of money and power in their favor, I don't think that is possible. What is possible is complete equality and transparency when it comes to disciplinary actions enforced. For example, the hedge fund Citadel Securities has been
Chairwoman Waters, Ranking Member McHenry and Members of the Committee:
Introduction
On behalf of the Financial Industry Regulatory Authority, or FINRA, I want to thank you for the opportunity to appear today to discuss the important role that our organization plays in the regulation of broker-dealers and to share our response to the January market events related to trading in GameStop and
The US stock market is one of the most corrupt organizations in the world. The SEC only protects Wall Street at the expense of the public. Laws that were created in 2008 are blatantly broken every day. Felonies are committed against retail investors and no regulatory institutions do anything about it. Why make more laws? Why pretend FINRA or any other agency protects the best interest of the
Summary
FINRA is issuing this Notice to provide guidance to member firms regarding suspicious activity monitoring and reporting obligations under FINRA Rule 3310 (Anti-Money Laundering Compliance Program).
Questions concerning this Notice should be directed to:
Victoria Crane, Associate General Counsel, Office of General Counsel, at (202) 728-8104; or
Blake Snyder, Senior Director, Member
Hey. I’m a retail investor and I beg and plead you to put a rush on dark pool buying and a more transparent stock market on short sales and naked shorts. As a retail investor I’ve poured about one hundred thousand dollars in the market and it seems we have been shorted on GameStop, chargepoint and it’s no secret of AMC. As retail investors we want to continue to put money in the market but I can
*Short positions should be reported daily. I feel that this will provide more insight to the existence of Naked Shorts. *Synthetic Short Positions should most assuredly be reported. *Short volume should be capped and the cap kept low to allow for organic and transparent trading and limit the opportunity to manipulate the stock. *Dark pools should no longer be allowed. *Days on loan should be
